Young millionaire forex traders - "Meet South Africa’s Youngest Millionaire"
fofex How Everyday People Are Young millionaire forex traders Wall Street at Its Own Game, we come across the rags-to-riches success story of Hoosain Harnekar, a South African entrepreneur who resorted to trading after he squandered his entire capital in a failed partnership and had no choice but to start afresh. He paper traded for six months and continued to garner more funds.
He even went to the extent of promising his wife that if he didn't fare well he would discontinue and never resume trading again.
But as it is said 'fortune favours the brave'. Harnekar became hugely successful and never looked back.
His success was a result of ingenious trading manoeuvres comprising of scalp trades and sound risk management. Today his piece of advice to young millionaire forex traders investors is to demo trade until their virtual capital amount is tripled and after that think of venturing out milljonaire the actual forex market.
While scarce capital or lack of experience and training do not typically result in success in forex trading, we can surely take a leaf out of the book 'Millionaire Traders' on how discipline and a millionaife risk management strategy can make you trade like a pro.
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Johannesburg-based forex trader, Tshepo Brand, warns potential investors not to fall for brokers who guarantee returns. A full-time forex trader himself, he tells HuffPost SA: It is trickier and more complicated than people think, but people underestimate its difficulty. You will lose money -- guaranteed Maria Bongwe lost Young millionaire forex traders million.
The year-old from Polokwane, who had been trading for just a couple of weeks, made a R, initial investment that quickly grew to R1,6 million. She then lost it all.
Millionaire traders young forex recalls how shattered she was at the loss: Johannesburg-based forex trader, Siphiwe Magudulela, paid R35, to attend a trading seminar and has been trading full-time since. He says he made his first million in Options strategies using time decaybut lost it all in February of Percy Ngwenya, from the North West, blames losses he has made as a forex trader on greed.
Ngwenya, who labels trading as a "very dangerous investment" young millionaire forex traders Ypung SA he miscalculated how the market would perform during Brexit.
He has lost R25, in one day in one trade. Trying another form of trading, he lost R60, in one go. Another forex trader, Thanda Zulu, who is based in Durban, has also been doing it full-time for young millionaire forex traders five years.
She paid R10, to attend a seminar about trading and was immediately hooked. Unemployed at the time, she saw it as yount great opportunity to earn some income.
A view she still strongly holds. She admits, however, it hasn't been an easy journey.
I had to teach myself and be hungry for it.
Description:Kgopotso Mmutlane- The Young South African Millionaire who Invested in Forex Trade. by Denis Opudo 4 months ago k Views. 5. SHARES. ShareTweet.